> Alberta’s future hinges on royalty review decision

No matter what happens, this week will mark an inflection point in Alberta’s history. It will have an indelible impact on the political and economic future of this province.

The report submitted by the Alberta Royalty Review Panel in mid-September recommending drastic changes to the existing fiscal regime has created several chasms that will take years to bridge.

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Royalty bump would bruise, Taft admits

The Alberta Liberals are calling for at least 20 per cent more in provincial royalties, despite conceding the move will kill jobs and inflict some financial pain on the oilpatch.Unveiling his party’s royalties policy Tuesday in Calgary, Liberal Leader Kevin Taft urged Premier Ed Stelmach to fully adopt an expert-panel report that recommends changes to the current oil and gas regime that would generate an additional $2 billion last year — or 20 per cent more.

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